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Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor's Center in Bentonville, Arkansas. The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1]
Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022. [15] In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. [16] Walmart is also the largest private employer in the world with 2.1 million employees.
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Sam's Choice, originally introduced as Sam's American Choice in 1991, is a retail brand in food and selected hard goods. Named after Sam Walton, founder of Walmart, Sam's Choice forms the premium tier of Walmart's two-tiered core corporate grocery branding strategy that also includes the larger Great Value brand of discount-priced staple items.
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